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The European Central Bank has thrown the rescue plans for the world's oldest bank into doubt by rejecting its request for more time to prepare a €5bn fundraising, leaving it more likely that Italy will be forced to step in and rescue the firm.

FRANKFURT, Dec 8 (Reuters) - The chief executive of Deutsche Boerse on Thursday said its planned merger with London Stock Exchange was still a long way off, even if European regulators should give it the green light.